USAUTLake PointThomasville1884 Shepard Ln
View of front of house with brick siding, driveway, a front yard, and a mountain view | Image 1
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$1,500,000

1884 Shepard Ln, Lake Point, UT

Real Estate

For Sale

$--,---,---
422
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2880 sqft
Garage Yes
Taxes $4,053
Days Active 24
Lot Size 
Approx. Age 2001
Avg. Price Per Sqft $520
MLS® Number 2096777

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Charming Rural Duplex with Horse Property No HOA! This rare 1.10-acre duplex in beautiful Lake Point offers the best of both worlds-live in one unit and rent out the other, or add it to your investment portfolio! With horse property rights, there's plenty of room for animals, trailers, gardens, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). Built in 2001 and lovingly maintained by the original owners, this duplex features walkout unfinished basements with exterior entries-a rare opportunity to finish the space and increase rental income. Each unit includes a one-car garage, central air and heat, Kinetico filtered water at the kitchen sink, and a shared water softener. Enjoy a peaceful, rural lifestyle with mountain views, no HOA, and a bus stop less than half a block away. Lake Point Park, I-80 access, and Salt Lake City (just 25 minutes away) are all nearby. There are only five grandfathered duplexes in Lake Point-this is your chance to own a piece of that limited inventory. Annual gross income: $41, 860. NOI for 2024: $36, 194.70, with rent steadily increasing year over year. Includes two separate water rights for both culinary and irrigation use. May be sold alone or with the nearby 0.18-acre buildable lot (MLS# 2096867). Don't miss this rare find!Show Description
MLS® Number2096777
Laundry LevelElectric Dryer Hookup
Central VacNo
FireplaceNo
Acreage1.1
ExteriorBay Box Windows, Double Pane Windows, Walkout
GarageYes
Approx. Age2001
Basement
Driveway
Garage Spaces
HeatForced Air, Gas: Central
A/C
Heating Fuel

Extras

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